Case Study: Sares Regis Group boosts parking revenue and cuts staff time with Parkade

Parkade cleared up a $10k discrepancy in parking spots at STRATA and Venue

Sares Regis Group, a real estate development firm, managed parking for its STRATA and Venue apartment properties using an error-prone manual binder system. This led to a perceived parking shortage, a $10,000 revenue discrepancy, and an excessive staff workload of 15 hours per property each week. Guest parking was also a major challenge, as it was only available during office hours with an inflexible daily rate.

By implementing Parkade, the company digitized its entire parking operation. The solution provided a clear view of availability, automated payments and price changes, and enabled 24/7 hourly guest parking. As a result, Parkade helped increase long-term parking revenue by 60% and boosted guest parking revenue by 16x, while reducing time spent on parking by staff by 80%.

Sares Regis Group

Taylor Susim

Community Manager